Taxes

In Virginia, counties and cities are separate taxing entities.

Therefore, a manufacturing company pays taxes to either a county or a city. Manufactures pay real estate, machinery and tools, truck and automobile, utility and sales taxes. Non-manufacturers pay real estate, tangible personal property, truck and automobile, utility and sales taxes. They also may pay either a merchant’s capital or a license tax. If a company is located in a town, it pays town and county taxes.

Value Used for
Tax Purposes

Nominal Tax Rate/$100

Assessment Ratio

Real Estate

Shenandoah Co.

Assessed Value

$0.60

100% FMV

Edinburg

Assessed Value

$0.19

100% FMV

Mt. Jackson

Assessed Value

$0.14

100% FMV

New Market

Assessed Value

$.012

100% FMV

Strasburg

Assessed Value

$0.16

100% FMV

Toms Brook

Assessed Value

$0.10

100% FMV

Woodstock

Assessed Value

$0.15

100% FMV

Machinery & Tools

Shenandoah Co.

Depreciated Value

$3.15

100% FMV

Edinburg

Depreciated Value

$0.85

100% FMV

Mt. Jackson

Depreciated Value

$0.80

100% FMV

New Market

Depreciated Value

$0.80

100% FMV

Strasburg

Depreciated Value

$0.86

100% FMV

Toms Brook

Depreciated Value

$0.50

100% FMV

Woodstock

Depreciated Value

$0.90

100% FMV

Automobiles & Trucks

Shenandoah Co.

Trade-in-Value

$3.60

100% FMV

Edinburg

Trade-in-Value

$0.90

100% FMV

Mt. Jackson

Trade-in-Value

$0.80

100% FMV

New Market

Trade-in-Value

$0.80

100% FMV

Strasburg

Trade-in-Value

$1.11

100% FMV

Toms Brook

Trade-in-Value

$0.50

100% FMV

Woodstock

Trade-in-Value

$0.90

100% FMV

For the purposes of calculating depreciation of machinery and tools, Shenandoah County uses the following schedule.